Sei Investments Co. boosted its stake in athenahealth, Inc. (NASDAQ:ATHN) by 36.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,190 shares of the health services provider’s stock after purchasing an additional 34,332 shares during the period. Sei Investments Co. owned approximately 0.32% of athenahealth worth $15,942,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Turner Investments LLC acquired a new stake in athenahealth in the 2nd quarter valued at $105,000. Bessemer Group Inc. increased its holdings in athenahealth by 13.7% in the 2nd quarter. Bessemer Group Inc. now owns 938 shares of the health services provider’s stock valued at $132,000 after purchasing an additional 113 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in athenahealth by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after purchasing an additional 84 shares in the last quarter. Seven Bridges Advisors LLC increased its holdings in athenahealth by 5.4% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock valued at $183,000 after purchasing an additional 67 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in athenahealth by 123.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock valued at $189,000 after purchasing an additional 744 shares in the last quarter.
ATHN has been the subject of several recent research reports. TheStreet upgraded athenahealth from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Citigroup Inc. reiterated a “buy” rating and issued a $186.00 price target (up from $169.00) on shares of athenahealth in a report on Monday, July 24th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $170.00 price target (up from $150.00) on shares of athenahealth in a report on Wednesday, August 2nd. Robert W. Baird reiterated a “buy” rating and issued a $170.00 price target on shares of athenahealth in a report on Thursday, August 31st. Finally, KeyCorp reiterated a “buy” rating and issued a $170.00 price target on shares of athenahealth in a report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $143.22.
athenahealth, Inc. (NASDAQ ATHN) opened at $125.02 on Thursday. The firm has a market cap of $4,968.60, a P/E ratio of 105.22, a PEG ratio of 4.99 and a beta of 1.57. athenahealth, Inc. has a 1-year low of $90.11 and a 1-year high of $158.66. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.
athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.06. athenahealth had a net margin of 2.65% and a return on equity of 6.78%. The business had revenue of $304.60 million during the quarter, compared to analysts’ expectations of $310.52 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. sell-side analysts expect that athenahealth, Inc. will post 1.12 EPS for the current fiscal year.
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In related news, insider Daniel P. Haley sold 1,583 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $124.56, for a total transaction of $197,178.48. Following the completion of the transaction, the insider now owns 13,408 shares in the company, valued at $1,670,100.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jonathan Bush sold 4,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $124.17, for a total transaction of $496,680.00. Following the transaction, the chief executive officer now owns 319,807 shares of the company’s stock, valued at approximately $39,710,435.19. The disclosure for this sale can be found here. Insiders have sold 12,483 shares of company stock valued at $1,637,372 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.
athenahealth Company Profile
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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